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Tuesday 24th April 2007

SJ Berwin LLP advised long standing client Plasmon Plc on its placing of 40,000,000 new ordinary shares on the Official List, raising approximately £8,000,000 for the purposes of funding the continued development of its Ultra Density Optical (UDO) data storage technology.

In addition to its development commitments, Plasmon intends to increase its marketing expenditure to support the successful launch of its next generation UDO2 product; fund the working capital requirements of Plasmon; and strengthen Plasmon’s finances to provide confidence in its long-term viability to customers.

The SJ Berwin team was led by corporate partners Jonathan Djanogly and William Holder, assisted by Corrine Campbell.  Plasmon entered into a placing agreement with Investec Bank (UK) Limited under which Investec agreed to use reasonable endeavours to procure placees for the new ordinary shares issued pursuant to the Placing.  Investec was advised by Jeffrey Elway and Oliver Riley of Lawrence Graham LLP.

For further information, please contact:

Jonathan Djanogly on 020 7111 2241 or by emailing jonathan.djanogly@sjberwin.com
Aurelia Pretorius, Business Development Manager on 020 7111 2060 or by emailing aurelia.pretorius@sjberwin.com

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• SJ Berwin's highly regarded capital markets team acts for issuers, corporate financiers and quoted companies. We provide the full range of advice including IPOs on the official list and AIM, dual and secondary listings, secondary offerings including rights issues, placings and open offers, restructurings and reorganisations.
  
  
• Our capital markets team has extensive experience advising listed companies and new issuers. We have been key advisers to the specialist VCT market representing a number of issuers - both longstanding and new clients - in the 2004/2006 tax years. 
  
  
• We have a leading AIM practice. Our involvement in the sector is very strong - having advised on our first AIM IPO on the launch of the market in 1995 - we continue to advise many companies who have chosen AIM as their new home. Although we act on a wide range of AIM IPOs, our speciality is high value and international admissions, where our overseas network and full range of specialist advisers (tax, finance and regulatory as well as corporate) are able to add value.
  
  
• On 1 June 2005, SJ Berwin became SJ Berwin LLP, a limited liability partnership.  www.sjberwin.com. SJ Berwin LLP or an affiliated undertaking has an office in Berlin, Brussels, Frankfurt, London, Madrid, Milan, Munich, Paris and Turin.